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Ameriprise Financial to acquire retail assets of JHS Capital Advisors

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Ameriprise Financial is to acquire the retail assets of JHS Capital Advisors (JHS), an independent broker-dealer and investment advisor based in Tampa, Florida. 

The transaction will build on the successful track record of growth in advice and wealth management at Ameriprise.

JHS is privately owned and provides comprehensive financial services to clients through a team of 150 financial advisors operating across the US. JHS generated over USD38 million in revenue in 2014 and at year-end had retail assets totalling USD4.1 billion. Like Ameriprise, JHS operates both employee and independent advisor channels. JHS advisors are expected to join one of the existing channels at Ameriprise.

“We’re pleased to welcome JHS advisors to the Ameriprise family,” says Neal Maglaque, Ameriprise Chief Operating Officer and head of business development within the company’s advice and wealth management division. “This is a natural fit in terms of both firms’ shared commitment and dedication to providing outstanding service to clients. We look forward to helping JHS advisors grow and serve their clients under the Ameriprise banner.”

In addition to benefiting from the strong reputation and brand awareness of Ameriprise, JHS advisors will be able to harness the robust product platform, marketing support, service capabilities and technology solutions Ameriprise offers to serve clients and support advisor growth. Through strategic investments in these and other areas, Ameriprise has built one of the highest rates of advisor retention and satisfaction in the industry.

“This is a tremendous opportunity for our advisors to be affiliated with the stature, stability and national recognition of Ameriprise,” says Scott Bendert, JHS President and CEO. “JHS was founded on the principle of providing excellent service to clients. Ameriprise offers our advisors considerable career growth opportunities and expanded capabilities to enhance the client experience.”

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